https://www.taxtmi.com/caselaws?id=361586 The Tribunal allowed the Revenue's appeal condoning the delay in filing due to a pending rectification application. It upheld the CIT(A)'s deletion of the addition under interest on Government loan, citing non-applicability of section 43B. The Tribunal criticized the CIT(A) for contradictory findings but upheld the decision based on circumstances. The assessee was granted tax exemption under Article 289, and the issue of section 43B applicability was remanded to the Assessing Officer for reevaluation. The Tribunal disposed of the cases on June 6, 2018, allowing one appeal and dismissing the other as infructuous. en-us Wed, 06 Jun 2018 00:00:00 +0530 Sat, 09 Jun 2018 09:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361586 The Tribunal allowed the Revenue's appeal condoning the delay in filing due to a pending rectification application. It upheld the CIT(A)'s deletion of the addition under interest on Government loan, citing non-applicability of section 43B. The Tribunal criticized the CIT(A) for contradictory findings but upheld the decision based on circumstances. The assessee was granted tax exemption under Article 289, and the issue of section 43B applicability was remanded to the Assessing Officer for reevaluation. The Tribunal disposed of the cases on June 6, 2018, allowing one appeal and dismissing the other as infructuous. Case-Laws Income Tax Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361586